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National Assembly has endorsed government’s request to sell a $1 billion Eurobond on the international debt market to help finance federal government budget deficit, the senate...
Italian prosecutors have asked for the CEO of oil and gas group Eni Claudio Descalzi to be sent to trial over alleged corruption in Nigeria, judicial...
Nigeria has said it would set aside $50 billion to fund and stimulate investment in biofuels production in Nigeria. Governor of the Central Bank of Nigeria,...
Investors are shunning Nigeria because of lack of respect for sanctity of contract and property right. According to a foreign investment broker, Mr. Osita Oparaugo, Managing...
NIGERIA Agip Oil company, NAOC has ignored Nigeria legislators, that is the joint committee of the Senate and House of Representatives of the National Assembly. The...
Sahara Energy, Glencore, Gunvpr, Aiteo, MRS, Trafigura and 122 other companies, have expressed their willingness to serve as off-takers for 800,000 barrels per day of Nigerian...
Omni Helicopters International S.A. (“OHI”), parent of Brazil’s leading offshore aviation specialist Omni Taxi Aéreo S.A. (“OTA”), and Omni Blu Aviation Ltd. (“Omni Blu”), the independent...
Moved by the need to enhance affordability of food prices across country, the Buhari administration has constituted a Presidential Task Force to urgently consider measures that...
Central Nank of Nigeria CBN said it has sold $660 million in three- and five- month currency forwards at an auction aimed at clearing a backlog...
Foreign investment inflow into Nigeria fell from $9.6 billion about $4.52 billion, to $5.12 billion, between 2015 and 2016, according to data Obtained from the National...
Nigeria is set to commence the full implementation of the open contracting processes, aimed at entrenching transparency in public procurement. This was disclosed by the Federal...
The U.S. Commercial Service Nigeria held a Single Company Promotion event in Lagos on January 26, 2017, to launch a new training simulation solution by New...
MTN Group has announced that it will exchange its 51% interest in Nigeria Tower InterCo B.V., the parent company of INT Towers Limited (“INT”), the Nigerian...
Federal Government of Nigeria plans to raise about $300 million by selling a diaspora bond targeting Nigerians living abroad, First Bank said. The bond, which will...
Nigeria’s foreign exchange reserves as at end of January 2017 rose by 8.39 percent to $27.88 billion from a month ago, climbing to their highest level...